Digest September 22nd

SEC Cracks Down on Advisor Misrepresentation at Major Firm

On September 9, 2024, the SEC announced it had settled charges against nine RIAs for violating the Marketing Rule—citing misleading performance documentation and inadequate disclosures. The firms collectively agreed to pay $1.24 million in penalties.
SEC

Advisors Missing the Mark with Women Investors, Says Study

According to findings cited by AdvisorHub, 67% of women investors report they don’t feel understood by their financial advisors—highlighting a critical communication and empathy gap in advisor-client relationships.
AdvisorHub

AI Tools Gain Momentum in Advisory Tech Stacks

Based on the 2025 IMCT Survey (released July 22, 2025), AI and predictive analytics are now the top compliance concerns among RIAs. Adoption is rising: 40% of firms use AI internally, and 25% more are considering it.
Investment Adviser Association